secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0000950170-25-064537
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovex Q1 revenue $240M, Adj EBITDA $46M, sells facility for $95M, guides Q2 lower
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- Revenue $240M (-4% QoQ), net income $15M, Adjusted EBITDA $46M (19% margin).
- Sold legacy Dril-Quip Eldridge facility for $95M to free up capital for margins.
- Repurchased 395,234 shares at avg $14.94 under new $100M buyback program.
- Q2 guidance: revenue $225-235M, Adj EBITDA $40-45M, citing Mexico softness and slight NAM declines.
- Free cash flow $24M (52% of Adj EBITDA); net cash $43M with $103M revolver availability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000095017025064537/0000950170-25-064537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000095017025064537/invx-20250506.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-064537

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer